Morningstar

Medibank Pvt Ltd MPL

Morningstar Rating
Unlock
Stock XASX Rating as of
A$3.67 +0.01 (0.14%)
View Full Chart
As of Delayed Price Open

Company Report

View Archive

Medibank Earnings: Profit Growth Takes Priority Over Policyholder Growth

Nathan Zaia

The resilience of private health insurance is illustrated nicely by narrow-moat Medibank's growth in fiscal 2024. Profit for private health insurance increased 6.3%, and the health segment, which encompasses telehealth, in-home care, and GP clinics, grew 36.7%. Add to that the 31.5% uplift to investment income on policyholder and shareholder funds, group underlying net profit after tax rose 14%. The result was just shy of our forecasts, but solid overall.

Read Full Report

Price vs Fair Value

View History
MPL is trading at a 219% premium.
Price
A$3.66
Fair Value
A$2.10
Uncertainty
Medium
1-Star Price
A$6.59
5-Star Price
A$4.18
Economic Moat
Hffjlp
Capital Allocation
Sgczzlv

Bulls Say, Bears Say

Bulls

Industry growth is tied to a steadily increasing population, aging demographics, and the rise in healthcare spending. Governments will continue to incentivize participation in private health insurance to share the burden of escalating healthcare costs.

Bears

Unfavorable political and regulatory decisions could damage profitability for private health insurers. The system is reliant on government rebates and policies that encourage individuals to take out private health insurance.

Show More

News

View All

Trading Information

Previous Close Price
A$3.66
Day Range
A$3.65–3.69
52-Week Range
A$3.33–4.01
Bid/Ask
A$3.66 / A$3.67
Market Cap
A$10.09 Bil
Volume/Avg
4.1 Mil / 7.7 Mil

Key Statistics

Price/Earnings (Normalized)
18.55
Price/Sales
1.28
Dividend Yield (Trailing)
4.54%
Dividend Yield (Forward)
4.54%
Total Yield
4.61%

Company Profile

Previously owned by the Australian government, Medibank is the largest health insurer in Australia. Its two brands, Medibank Private and Ahm, cover around 4 million people. Medibank and Australia's fourth-largest health fund, NIB Holdings, are the only listed health insurers. In addition to private health insurance, the firm provides life, pet, and travel insurance, as well as health insurance for overseas students and temporary overseas workers. The Medibank Health division provides healthcare services to businesses, governments, and communities across Australia and New Zealand.
Sector
Financial Services
Industry
Insurance - Specialty
Stock Style Box
Mid Core
Total Number of Employees
3,768
Website
https://www.medibank.com.au

Competitors

Valuation

View More
Metric
MPL
NHF
IAG
Price/Earnings (Normalized)
 18.5513.4020.19
Price/Book Value
 4.372.752.64
Price/Sales
 1.280.841.15
Price/Cash Flow
 12.3011.1310.20
Price/Earnings
MPL
NHF
IAG

Financial Strength

Metric
MPL
NHF
IAG
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 108.4615.159.06
Quick Ratio
No chart available

Profitability

Metric
MPL
NHF
IAG
Return on Assets (Normalized)
 13.20%14.43%3.17%
Return on Equity (Normalized)
 25.38%29.75%13.61%
Return on Invested Capital (Normalized)
 20.80%22.98%10.41%
Return on Assets
MPL
NHF
IAG

Insurance - Specialty Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Fidelity National Financial Inc
FNF
WzhhrGrlb$16.5 Bil
 Ryan Specialty Holdings Inc Class A
RYAN
—Clkjby$8.0 Bil
 Essent Group Ltd
ESNT
—Dtw$6.7 Bil
 Axis Capital Holdings Ltd
AXS
—Ytykw$6.7 Bil
 First American Financial Corp
FAF
TlzbbrkzHwng$6.7 Bil
 Beazley PLC
BZLYF
—Yjp$6.6 Bil
 MGIC Investment Corp
MTG
XftbfyntZyggj$6.6 Bil
 Enact Holdings Inc
ACT
—Cxgm$5.7 Bil
 Radian Group Inc
RDN
MqykrzkmpXxxgz$5.2 Bil
 Assured Guaranty Ltd
AGO
NqlhprndbJdrzf$4.2 Bil

Sponsor Center